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Algebra

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You invested $1 0,000 on two stocks paying 8% and 10% annual interest, respectively. At the
end of the year, the total interest fiom these investments was $940. How much was invested at
each rate?

  • Algebra - ,

    amount invested at first ---- x
    amount invested at 10% ---- 10000-x

    solve for x ....

    .08x + .10(10000-x) = 940
    ...
    ...

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